The Real Reason I Renounced US Citizenship (Not Taxes)

[@leemartinez2975]

Under the current chapter of US history, it is the right-wing that would make it harder on US expats, including making it harder to obtain multiple citizenships. Their manner of thinking would be why should Americans have multiple citizenships if America is the best country in the world.

[@jimdiamond8246]

Donald Trump has 3 passports and as of right now reversing all of these obscene laws against Americans .it's the left wing communist democrats enforcing these heinous laws against Americans .Obama had 8 years and did nothing but enforce more tax laws against Americans and it's the left wing democrats who double wage tax in the Democrat states .nice try to blame the Republicans .

[@marwaeldiwiny]

Andrew! This is my first comment on your channel. I have to tell you, I totally resonate with you when you said you escape because of the trauma and there something better out there! Thank you for sharing your story!

[@nomadcapitalist]

Thank you for watching!

[@prettybrwneyez7757]

It’s such a traumatic place. A citizen who left three years ago, I plan on never returning. Im freer in a “second world” country than I am in that place!

[@geoffwaterman6560]

Ozzie- I know medical costs are crazy in US. I haven't visited ,but have seen plenty crazy videos. I'm interested what an American thinks is traumatic enough to leave?

[@moeb-X]

@@geoffwaterman6560racism and the lopsided legal system that favorites certain genders and certain income level.

[@melliehelen8650]

@@geoffwaterman6560There can be many, many answers to that query. A big one is the constant mass shootings-we just had two more separate incidents just this past weekend. And any progress that had been made toward sane gun regulations is soon to be reversed, probably along with coming legislation-if not mandates-that all teachers be armed. The anxiety level for simply going to school each day is through the roof.

[@bobmciver6437]

This video should be required listening for every citizen of every country.

[@2GringosOnTheGulf]

💯💯

[@GlobalAdventurer]

Totally agree!👍

[@DivineGame7]

I sacrificed so much to move to America as a teenager. I left behind my entire family. The people who birthed me, fed me, loved me! 25 years later - as a father, husband, and business owner - I find myself wanting to leave. I feel like I am living inside a corporation, not a nation. A corporation where every individual experience has been boiled down to a transaction. This country is dumbing down its own citizens and draining them off of their resources, and using their blood, sweat, tears and their dignity, to destroy other citizens and nations around the world. At times it feels like living in a dystopian sci-fi movie.

[@gvs5318]

Then leave, no one is forcing you to stay in the US

[@DivineGame7]

@ you must be a genius. Had not considered that.

[@JaneNewAuthor]

I can understand that. I'm Australian by birth, but at times I feel as though I'm living in a country I no longer recognise. It would be far worse if I'd given up so much to come here.

[@sichuan385]

Guess u have never been to china

[@DivineGame7]

@ I haven’t. No desire to live there, but I’d love to visit.

[@ladyinthemountains2527]

You are so totally correct with the Oslo story. Many, many Americans are in an insulated bubble.

[@halb37]

An isolated encounter like this is a poor choice to make life long decisions. Example: if randomly his seatmate had a more worldly experience and had knowledge of Oslo would Andrew still be a US Citizen? I was on a train once in Bratislava and my seatmate had never heard of Newark airport...on that basis should I consider many Slovakians living in an insulated bubble?

[@BF2021-kf8xz]

there are valid reasons for this

[@silver6054]

@@halb37 I guess it may be part of the same issue, but my guess is statistically an American on a flight is more likely to be flying to a domestic destination (country it pretty big!) so maybe Oslo is more likely to be Oslo MN than the "real" one. (Although it depends where Andrew was flying to Newark from). But I suspect London which probably be assumed to be UK, Oslo is less familiar (which is also Andrew's point)

[@ssuwandi3240]

Wrong. That's Chyna. Ask me if you don't get why. I give you a hint. The currency

[@signalfire6]

@@halb37 I'm sure it was just one of many such instances.

[@azdbuk]

"Oslo, is that in PA?" "Then I realized this is who I am surrounded by..."............LOL 🤣LOL,LOL

[@notthatyouasked6656]

It's rather like the guy who posted about how great his new health insurance was that he got through the Affordable Care Act and how it was so much better than that godawful Obamacare...

[@melissaharper2239]

Americans have effectively been "dumbed down " and it shows! I live on the border of VA and WV, and wow! We are soon headed out and over! I'm not within your parameters for a client, but I enjoy you and your info. Thanks!

[@2GringosOnTheGulf]

The world 🌍 has been dumbed down.

[@michellem3879]

I live in Central VA and see it here too. People have blinders and their idea of "travel" is Nags Head or Pigeon Forge.

[@chrisyoung1821]

@@2GringosOnTheGulf Not the whole world. more like 50% of Americans

[@JaneNewAuthor]

​@@2GringosOnTheGulfyou haven't been to SE Asia recently.

[@eliasmonteza280]

100% in agreement. I chose to immigrate to the US but now can’t wait to go retire in my country of origin (Panama) for all the reasons you mentioned. Great work and insight. Looking forward to meeting you someday

[@nomadcapitalist]

Thank you for your comment and for sharing your story. We’d be delighted to welcome you to Nomad Capitalist Live, where you can connect with like-minded individuals and dive deeper into similar topics: nomadcapitalist.com/live/

[@DivineGame7]

@@eliasmonteza280 spent 5 months in Panama this year. Love 🇵🇦 !

[@eliasmonteza280]

@@DivineGame7 Nice! Wise choice

[@RowanRiverstone]

I relate so much to this video. My husband and I are moving to Portugal, and as soon as we can, we want to renounce citizenship. We're not ultra wealthy, and it's not about money or taxes for us. Thanks for sharing a deeper dive into what motivated you.

[@nomadcapitalist]

Thank you for sharing your journey! Moving to Portugal sounds like an exciting step, and we wish you all the best. If you'd like to connect with like-minded individuals and learn more, we'd be glad to welcome you to Nomad Capitalist Live: nomadcapitalist.com/live.

[@prettybrwneyez7757]

Do it! ❤

[@edpowers3764]

Moving to Switzerland in two weeks! Not necessarily about the money and taxes but about the freedom and better people

[@theancientandreios7417]

I fully support your decision, Andrew and I'm happy for you that you are free and in a better place.

[@dans5916]

"and then i realized... that's who I'm surrounded by". Ah yes, the awakening moment that every entrepreneur or high IQ individual goes through.

[@MarkLPriest]

I've lived and worked in the Caribbean and East Africa. In both places, I've always felt right at home. Coming "home" to the USA has always been a disappointment, on several levels, but the taxes were not the main reason.

[@johnharrison8089]

I agree 100% with everything you said. I nearly left during the Vietnam war but instead stayed and protested. I did start traveling heavily after it ended. All over Europe and other. worked few months US then gone several months abroad. Now retired and with Norway citizenship/passport in hand. I can NOT give up my US citizenship because I would lose my monthly SS payment otherwise I would. The last job I had in US I went on my alowed 2 week vacation. Went to Greece and never returned.

[@mustaphan9121]

Can you still get your SS payment without entering USA at least once a year??

[@signalfire6]

I'd love to hear more about Greece.

[@CassieDavis613]

you would still get your SS if you renounced USA citizenship

[@ellenharrison9502]

@@CassieDavis613 I have been told NO by several authorities. Just as illegals working in the US pay into SS but can never claim benefits. Also my wife who is NOT a US citizen can not claim any benefits from my SS after I die unless she acquires a USA SS number. She does of course has her own countries form of SS payments . (which by the way are larger than US maximum payment)

[@ellenharrison9502]

@@signalfire6 A must bucket list of places to visit. On my (2 week vacation) I ended up in the lovely Greek village Lindos on the island of Rhodes and simply fell in love with the place and kept staying and staying and staying never even calling back to my old place of work.

[@timlinator]

I’m a dual citizen and when I leave USA for good I will renounce my us citizenship.

[@Mia-sp5wh]

No you won’t 😅

[@timlinator]

@ yes I will and I don’t take orders from internet trolls

[@Mia-sp5wh]

@@timlinator not everyone on the internet are trolls

[@timlinator]

@@Mia-sp5wh people leaving stupid remarks are trolls or stupid.

[@nomadcapitalist]

Thank you for your comment! Feel free to reach out, our team will be happy to discuss an exit plan with you: nomadcapitalist.com/apply/

[@relbik66]

Andrew - thanks so much for sharing your story. ❤

[@CallowG]

I haven't been back to the US since I retired, I have no desire to ever go there again. For me it's a fly-over country. The thing is Americans are brainwashed from birth that America is the Greatest Show on Earth I mean the Greatest Country on Earth so why would you want to live anywhere else? Or change anything? From the moment you step off the plane until you leave you have flags slapping you in the face and every newscaster is trained with the magic words "America is the Greatest Country on Earth BUT..." whenever they're about to criticize something. There are so many better places to live. Once I leave Canada I probably won't go back, but I'm keeping it open as an option just in case.

[@2GringosOnTheGulf]

I feel that way about Canada. It's hard leaving the family behind. Cheers from 2 Canadians 🇨🇦 living in Mexico. 🇲🇽✌🏼

[@signalfire6]

That whole 'American exceptionalism' line always pissed me off. So did being taught 'allegiance' to a flag before you're even old enough to know what that means. It's propaganda and brainwashing.

[@birdlover7776]

@@signalfire6right there with you

[@CallowG]

@@2GringosOnTheGulf Heh I watch your videos. I'll be moving to Mexico once my last ferret kicks it.

[@2GringosOnTheGulf]

@CallowG Right I remember ❤️🤗✌🏼 Comment more often let me know you're out there. jajaja 🤣 Hola 👋🏼👋🏼❤️

[@Clownlife432]

The other thing about more and more forms is that’s multiple more taxes in of itself. Filing often costs, man hours spent are cost, whether yours or someone you pay, the psychological toll of worry is a cost. All that is a tax pressure

[@nomadcapitalist]

Energy is a cost.

[@Clownlife432]

@ indeed

[@ManilaTom]

The people who leave put pressure on the ruling party to rethink taxes.

[@Macdunne]

Appreciate articulating your reasons why you renounced your citizenship. Makes complete sense to me if I was in your position.

[@winterfern4881]

Im visiting oslo right now from US. When I told people where I was going, nobody knew where it was and said, "Why would you want to go there".... I'm working on getting out of the US myself. The same reason as Andrew.

[@brokenrecord3095]

Just out of curiosity, if someone was to leave the USA with no intentions of returning and had transferred all his assets outside of the USA, what realistically would the US do if you just stop filing taxes? Without formally renouncing anything. I mean assuming you're not some high profile emigre, just some random shlub who wanted to live elsewhere.

[@stevebishop3796]

IRS would probably sanction and garner/confiscate your assets to pay your tax bill. The other countries that govern your assets would likely comply with those orders because they don't want to face the ire of Uncle Sam.

[@RasiRobi]

Good question

[@yevgeniygrechka6431]

You're basically asking what it is like to live abroad as an outlaw in the eyes of the US government. The less friendly your new country's government is with the US the less likely anything happens, but the US is a global power and they have their tentacles in all sorts of global dealings. You can google "accidental Americans" to see some horror stories about people who have never even set foot in the US dealing with the IRS.

[@SurpriseMeJT]

Yeah, like if you had zero intention of ever travelling there again, what could happen to you if you stopped filing taxes with no assets in the US. good question.

[@JudgeDredd_]

@@brokenrecord3095 I honestly feel it’s similar to if you stayed in the US and didn’t pay back your student loans and only worked cash jobs or something. I mean aren’t student loans one of the largest debts our country has? If they went after everyone voraciously, this country would cave in. In the case you mentioned, I assume it’s up to the emigrating country to decide to report you or not considering you started working there or did something bad to get on their radar somehow.

[@Hawkfire3937]

I wish I had the financial resources to renounce

[@nigelc3358]

Different point of view. Refreshing to hear this 👍🏿👍🏿👍🏿

[@nomadcapitalist]

Thinking of escaping the United States? Watch this video where we reveal the right and wrong ways to leave the USA, as well as the worst countries to move to, and how to find a country that respects your values: kzbin.info/www/bejne/l6G7faainNt1o6s

[@WhatsThat-x1f]

If Donald trumps a us citizen then what’s wrong with being a us citizen!😊

[@jar1345]

Middle class citizen here. As someone who does not have hundreds of thousands to spend on citizenship by investment for many of these places, but could potentially by a property somewhere would you recommend Belize as a place to try to escape to? For the time being I will have to continue to earn money from a US based job and the proximity allows me to return for work for a day or two when necessary.

[@stevebishop3796]

I have no direct knowledge but hear that there are better options aside from Belize. Do your research.

[@nomadcapitalist]

Thank you for your question. In this recent article we discuss places to live for under $1000 per month: nomadcapitalist.com/finance/offshore/places-to-live/

[@jar1345]

@ thank you for your reply. I believe I have had a similar thought process in my life in becoming a libertarian but then realizing the best thing for me would be to simply escape this mess where a country has control over ever aspect of my life. I can get set up in an emerging country and hopefully get to live a more affordable life and set my daughter up to actually be able to afford property one day.

[@jar1345]

@@stevebishop3796 I have heard this as well. I just am not sure what is the definition of better. I do like the Caribbean atmosphere that Belize seems to have, but I know there are other more affordable places nearby as well. Ultimately it seems like because the word is a little bit out on Belize this is what is pushing those prices up, but it also makes be feel like it is a safer place to park money. I am ultimately unsure I just know that it does not seem like a wise plan to continue to try to build a life in the US

[@stevebishop3796]

@jar1345 I would check the stats for safety, cost of living etc, to compare your shortlist with. Spend some time to think about what qualities are most important to you, because there is no "perfect" place. I looked into Belize about 10 yrs ago and crime was still a pretty sizeable issue. Infrastructure wast also weaker than other what I wanted to have

[@ChristheFreelancer]

Haha I have a similar story to the Oslo one. I told an American that I wanted to go to Cape Town and he asked me if it was in Michigan or something 😂

[@SECRETPURPOSE]

The comparison of retaining one's citizenship to arranged marriage is very interesting - I'll be thinking about that one.

[@LUCKHEF]

As a black man who left “ America” to live 3 months in 4 countries I would rather pay MORE tax if I had to just NOT to have to live in “ America “ !! 😂

[@tatertot6324]

What is your nationality? Black isn't a nationality as white isn't a nationality. Why generalize your nationality? There are black skinned folks all over the world as there are white skinned folks. I think we as humans contribute to social problems by generalizing ourselves. Sure I am a "white" guy but I'm of Western European decent. If I said "As a white guy" I'd be playing into someone else's game. It's called Divide and Conquer. These terms Black and White were created to divide us. I think people are starting to see the manipulation. I'm not trying to be an antagonist. I feel like America is just a tool for war and economic gain for the people who really control it. Division is how they keep control.

[@LUCKHEF]

@ with out getting deep into the subject I use “ black “ because that is how your identified worldwide even in Africa regardless personal thoughts or facts we may have … I do agree with you that my ancestors were not “ labeled “ “ black “ and its a term made up by slave masters … I don’t argue religion or “ race “ but wanted clear up in short as form as possible

[@tatertot6324]

@@LUCKHEF I understand. It is a common way to be described. I plan on leaving the USA in the future too. I hope everything goes well for you.

[@LUCKHEF]

@@tatertot6324 thanks much appreciated have safe travels 🙏🏽

[@TysonJensen]

@@tatertot6324 Pretty sure "American" is right in this case -- "African" American is still American. But I understand the sentiment of wanting to get out, especially those born in the USA who never feel like they are fully accepted because of being black or hispanic or a slightly-olive-shade of not-toilet-white.

[@jsbarto1]

I'm someone who has always known where Oslo is...my maternal grandmother was born there, and emigrated to America in 1912...and County Antrim, as well...my paternal grandfather emigrated to the USA in 1909...the rest of the story is that they met because they were both employed as staff in next-door stately homes in NYC. Since my grandfather was born in 1886 when Ulster was still Ireland, I applied for and gained my Irish Citizenship and passport in 2000. I have third cousins in Northern Ireland as well as in Norway...will visit them one day. That said, if I were to leave the USA for an extended period, I might go to Portugal or Spain for a bit, but would also go to live Switzerland due to the quality of their healthcare which is likely as good, or maybe better than where I live now in Northern Virginia. Given my "certain age," that's important for me now. Would I have to establish residency in Ireland before applying for temporary residence in another EU/Schengen country? Just curious...

[@celiamartin2907]

Love the comment about the lady who didn’t know where Oslo was. Once we had to get off I-95 in South Carolina due to a major traffic jam, and we ended up traveling through Norway, Denmark, and Sweden. Really wondered what these people were thinking who named these towns!

[@LisaCulton]

People from those places emigrated and established those towns. Like in central Texas there are many people of German descent and so you'll see towns named after German cities like Weimar, New Ulm, Berlin or New Braunfels.

[@manuelagerlach8673]

Thank you, Andrew.

[@JudgeDredd_]

I dated a Muslim girl who was born in the U.S., graduated from Ohio state as a psychiatrist, lived 45 mins from a Great Lake and couldn’t tell me which direction the lake was based on where she lived nor the name of the lake. I don’t know why but I always found that incredibly odd. I never knew if I was being overly critical or if I was living in the matrix. Maybe it was one of those glitches or something. The Oslo story reminded me of her haha!

[@clarencekeller7684]

I'm not a fan of the American culture myself. I've never felt that I've belonged. I'm a historian and love other countries, couldn't care less about US personally. Planning on travelling to Madeira Portugal. And hopefully move there :)

[@Fanta....]

*couldn't care less

[@clarencekeller7684]

@@Fanta.... lol thank you for the correction

[@mnob1122]

I’m a retiree, hellbent on leaving the insanity known as the USA. Tired of the hate, division, for-profit health system, puritan culture, selfishness, greed, hyper individualism, worship of guns and money….on and on. And now the madness of king trump. Currently working on making my escape. 2025 is my year!!

[@enjoystraveling]

very good wine :)

[@celtosaxon]

Living abroad may change your mind. It did for me.

[@aegisltd2018]

Brilliant presentation. One of your best, if not the best. I know exactly what you are talkimg about. It brought tears to me eyes! 😢 Thanks @Andrew Henderson🎉

[@EtienneBraslSr]

Hola Andrew, great story. Thanks for sharing. I agree go where you are treated best.

[@nomadcapitalist]

Thanks for watching!

[@decTac]

I agree with him too 👍

[@spacesandplacesoutthere]

How insightful you were to make the big moves you have. I subbed to this channel during the 'Plandemic' and hands down this is one of my top 5 channels of all time out of literally hundreds. I've felt this way since a pre-teen as well. So grateful for your work, service and courage Andrew 👊🏿💯🏆✈️

[@autumnlynn]

Ahhhh you're on the spectrum. I don't know why I didn't see this before. My dad, brother, sister, and nephew are all on the spectrum. My family has a mix of what was once known as Aspergers and also ADHD. I did get a rough case of ADHD, but not the Autism. My dad, brother, and nephew, in particular, are GENIUSES. My dad has a degree in piano, my brother plays the guitar and they both can literally pick up ANY instrument and just start playing 😳 And my brother is now working on a physics degree. But people are absolutely ruthless and the bullying is horrid. For you all who are high functioning, I think it's especially cruel. I understand you much better now (as much as one can from KZbin, of course 😁). And I can't say I blame you at all for escaping what I'm sure was, at times, very bad treatment. I'm glad you're happy and in places where you can be yourself and thrive.

[@dannybelcher4852]

Thanks for sharing your story. I totally understand i never felt the U.S. was my home growing up either about 2 years ago I decided to move to South America and have been think about doing the same as you.

[@nomadcapitalist]

Thank you for your comment. If you'd like our help, reach out to us here: nomadcapitalist.com/apply/

[@dannybelcher4852]

@nomadcapitalist thanks i will do that look for my application soon

[@azdbuk]

I am still working through the analogy at the beginning.

[@mollyturgess3153]

Can someone collect social security if they renounce?

[@mollyturgess3153]

@liampontiac Thanks. I guess I'm not going anywhere, then.

[@CassieDavis613]

yes, but you might have to pay income tax on that income--to someone.

[@TysonJensen]

@@CassieDavis613 No. You cannot. Social Security is one of the things you are renouncing. Renouncing is different than just leaving. You can totally leave the US and continue to collect Social Security, I know many people who are doing exactly that here in Mexico. But they never actually *renounced*. Renouncing severs your relationship with the US government. You should not do it unless you really know what you are doing and ideally have at least one very good alternate passport already.

[@nomadcapitalist]

This article covers the most common myths about giving up American citizenship, including social security: nomadcapitalist.com/expat/myths-giving-up-american-citizenship/

[@mollyturgess3153]

@nomadcapitalist thank you

[@edpowers3764]

Andrew! I’m moving to Switzerland in two weeks and you certainly are one of the reasons I was convinced. Money and taxes are one thing, but being in a freer country and one with decent, intelligent people is a big reason. The double taxation coming at me is really not making me happy though 😂

[@nomadcapitalist]

Thank you for sharing and happy to see you winning! Regarding double taxation, it’s essential to have a tailored strategy to navigate treaties and tax laws effectively. We’d be happy to help you find solutions to optimise your tax situation: nomadcapitalist.com/apply/. Safe travels!

[@SamJamerr]

The really weird part is I live in Thailand as an Aussie but when I open a bank account I have to sign a declaration stating that I am not an American nor ever been one. The global draconian reach of the US on its citizens and its ability to make smaller states governements and banking systems bow to US demands blew me away to the extent I found it offensive even though it doesn’t affect me other than a pointless form. The reason it’ll be hard for countries like Oz to do it is they lack the power to bully other nations like the US does with its gross abuse of power. But they would if they could.

[@arthurbi1376]

Usually I don't comment, but Aussies are not much different. The average Aussie (unless from a migrant background) usually cares little about learning a foreign language or about foreign cultures (except Bali perhaps), dumbed-down, and channel visioned to take up heavy loans to chase the Australian dream (a plot of land with house in Sydney).

[@porpentosa]

Andrew, I think you forgot one major 😅 country that also has citizenship-based taxation: Eritrea.

[@rivenoak]

i wonder how they enfoce it...IF they do ;)

[@ByakkoKatana]

I heard they are ignoring applications to renounce. At this rate, I bet it will be impossible to renounce soon.

[@nomadcapitalist]

Better years too early than a day too late.

[@decTac]

You're wise man Mr AH👍

[@nomadcapitalist]

Thank you!

[@scottclarke0317]

Are you still able to collect social security after denouncing your US citizenship or do you forfeit it when you denounce your US citizenship?

[@nomadcapitalist]

This article dispels the most common myths about giving up American citizenship: nomadcapitalist.com/expat/myths-giving-up-american-citizenship/. TLDR: yes, you can claim and no, he's not too worried about $1,100.

[@LisaCulton]

No.

[@mtwhitmire22]

Yes, you will still get your social security after renouncing, and it will be taxed by the country you live in. People who have never been a citizen get social security, assuming they have the necessary40 quarters of employment.

[@NYtoWVParallelPursuits]

From your PoV, will there be a one world tax? How will it be disguised to be palpable? Airfares are already taxed based on distance in the US.

[@Fanta....]

Kinda harder to tax stuff like cryptos. and thats where the world will be heading. Especially privacy coins like monero where nobody can see what you spend, your balance or where you spend it. The genie is out of the bottle now, its just a matter of the public waking up and moving over to the new system before the fiat ponzi implodes.

[@nomadcapitalist]

Stay tuned!

[@herbertvonsauerkrautunterh2513]

I don't want to pay taxes. Here in Australia is definitely not a fair share and the resources taken by force from hard working people is wasted like tomorrow will never come..

[@nomadcapitalist]

Thanks for sharing your perspective on Australia. If you’re interested in exploring options to live, work, or invest in a tax-efficient manner, we’d be happy to help: nomadcapitalist.com/apply/

[@2GringosOnTheGulf]

Another great video my brother. 🎉❤ Cheers from 2 Canadians 🇨🇦 living in Mexico. 🇲🇽✌🏼🥰

[@Gasdoc06]

Hi Andrew. I've been following your channel for a while and completely agree with your point of view on both personal and business sides. America does not provide for its own citizens. Healthcare is a leading cause of bankruptcy and each generation of children take out massive student loans and live with lifelong debt. I would like to see you extend your services to those looking to retire/relocate elsewhere that don't have 7 figure incomes. I looked into MM2H and it is very pricey and doesn't grant citizenship, only an extended visa. So don't you need another citizenship before giving up the US?

[@nomadcapitalist]

Yes, it's best to have another citizens but a few brave souls have renounced to become stateless.

[@ElJefe1986]

Rumors have it. Justin Trudeau is resigning? O Canada 🇨🇦

[@sirobin171]

I haven't renounced but if I did it would be because I am totally embarrassed of my country.

[@nomadcapitalist]

That's a fair reason.

[@JudgeDredd_]

“… I get to choose my home.” When I tell my dad why I don’t vote and he says never talk to me about the problems of this country, I always tell him how invalid that logic is. _You_ vote, so you align yourself with a party and you vote for that party. If anyone does not get to argue, it’s YOU! I can talk trash freely about any of these politicians because I’m unaligned. I’ve never understood when people say that. I’m not neurodivergent, I’m just basic-level logic 101 and willing to change if I hear better logic. Either way, I’m working towards my exodus but I’m uninterested in expatriating. However, I am learning about legal loopholes on how to structure my reporting entities so that I can pay little to no taxes. Basically structuring my LLCs I use to wholesale and putting them under a foundation.

[@stevebishop3796]

You could be technically correct and go vote, but cast a blank ballot 😅 Let the gripe-fest begin!

[@JudgeDredd_]

@ I love the way you think sir hahaha

[@ivanjoseph3015]

One you pay any taxes ….you get the right to talk about ANYTHING in the country….because you contribute..

[@jortega222]

I've turned in 65 and getting social security and Medicare. I can also apply for French citizenship as my mother is French. What would I loose if resign my US citizenship? Thank you.

[@Michaelcj-m2d]

You can get social security benifits and not Medicare benifits overseas.

[@Michaelcj-m2d]

Read the social security benifits website. About living overseas etc...

[@nomadcapitalist]

Thank you for your comment! We’d be happy to help you evaluate your options and create a holistic plan that aligns with your goals, including obtaining French citizenship and planning your next steps. Feel free to reach out: nomadcapitalist.com/apply/

[@nomadcapitalist]

This article covers the most common myths about giving up American citizenship: nomadcapitalist.com/expat/myths-giving-up-american-citizenship/

[@sapienblue6242]

What do you mean by Descen?Meaning you had an ancestor that traveled from a country and naturalized?

[@nomadcapitalist]

Thank you for your question. For more information, you can explore our resource on citizenship by descent here: nomadcapitalist.com/citizenship-by-descent/. Let us know if you have further questions!

[@hembrasalvaje]

Yes it's something I've noticed about many Americans. Many don't know much about anything outside the US. In some ways I'd fit well in certain places in the US but not for that reason. I understand geography and history and historical geography quite well. Also well versed in political history. Most western nations these days are right at the fall of Rome. I used to class myself as libertarian. Since convid I've moved completely anarcho capitalist. Screw gov

[@scottweier4285]

I am with you living here in Mexico. I probably won't give up my citizenship as in 2 more years I draw SSI, get back some of what inlaid in. And taxes are not an issue anymore as basically retired running all our money through my Mexican wife. Even though I never cross no reason to give it up yet.

[@nomadcapitalist]

Former US citizens can still collect Social Security.

[@Evansteven244]

If I had a pocket full of Visas/passports it would create the possibilities; and yes I am working on that!

[@4NT0N10MZC]

1:32 "...but you probably have a life outside of being a pornstar, and so do I..." so that's where you got the money to start investing

[@ledique6945]

Can u do a video which shows which is the best country that has best quality healthcare 2nd to USA & best tax benefits?

[@nomadcapitalist]

In this recent article, we list the top 10 countries for medial tourism and overseas healthcare: nomadcapitalist.com/global-citizen/freedom/countries-with-the-best-healthcare/

[@ledique6945]

@nomadcapitalist 🤗🤘

[@orangelily935]

Most of your guest speakers from conservative world 😂, invite some left wing next time

[@alexthomas5658]

Getting primary residence in PR seems to be an easier solution

[@nomadcapitalist]

We've helped people with both. Everyone has a Plan that is best for them, and he's covered why he didn't move to Puerto Rico.

[@AlwaysASolution-qj9be]

As an INFJ, I have always been repulsed by the "in-your-face" bullying of the U.S. ...mostly women. Loud and obnoxious and often vicious, women convinced me that the States are the place that advocates bullying. I've lived around the world and in 7 states since young. I've loved many global and kind cultures and still enjoy living abroad. The only reason I have retained my citizenship and still live in the States is because my siblings and their families are there. Otherwise, I would have left years ago for good. It's not a safe and fun place to live. As a culture, people are inherently angry, ignorant, and indignant compared to so many other countries.

[@auskpylate]

I like you, guy. Smart cat.

[@ShaareiZoharDaas]

I love Sweden & Norway❤

[@jayalanlife5926]

I just saw a video on banana's and how the US started wars in south America to protect their interests , i understand where you are coming from

[@donwarrington4916]

In your words " Alot of butthurt people" The cultural spill over into Canada has been noticable , It's become a miserable country to live in . Love thy neighbor is a thing of the past in the west ...

[@geoffwaterman6560]

Ozzie- i am frustrated with Australia and the direction we're headed. The first world is sadly loosing its principles of personal liberty . Im interested why Americans want to leave ? Where is better? I understand if you're wealthy you're punished in the west. Ive traveled and to find a package deal alternative that offers a better life - haven't found it . Can see Andrew's situation and view and agree with you on your points.

[@Mia-sp5wh]

What country is best to move

[@nomadcapitalist]

Thank you for sharing your thoughts. Many share your frustrations about the direction of the first world and the challenges of finding an ideal alternative. We’d be glad to welcome you at our next live event, where you can get started on your Nomad Capitalist journey and learn from top experts in global citizenship, legal tax reduction, international diversification, and Plan Bs: nomadcapitalist.com/live.

[@LeonieBachmann-h7x]

Why do Klaus and Bill send drones to NJ?

[@WealthyChronicle]

I don't know, I get why some people would renounce citizenship, but isn't there a deeper connection to your roots? Hard to let go of everything just because of bureaucracy.

[@nomadcapitalist]

Fortunately you get to decide for you, and he gets to decide for him.

[@LisaCulton]

Roots and identity aren't tied to a passport.

[@derronstravels21]

Even if you hate America, don't want to be controlled, or hate your U.S. identity, you don't have to renounce your citizenship. You can live overseas as an expat forever without making the terminal irreversible decision to renounce your citizenship.

[@LisaCulton]

If you plan on living overseas forever, you must renounce or your life will be unnecessarily complicated... Forever.

[@derronstravels21]

@@LisaCulton Maybe, and no shade, just seems like a drastic solution.

[@nomadcapitalist]

It would cost him $50,000 or more plus countless hours each year in compliance costs to remain a US citizen, just as one example.

[@LisaCulton]

​@@derronstravels21 There's no "maybe" about it. All roads lead to renunciation.

[@WhatsThat-x1f]

Thier should be a world wide tax that way it eliminates any foreign tax havens 😂

[@simewood2040]

You’re a good man, Andrew. You escaped the BNAC (sibling of the BEIC and the BSAC)

[@simewood2040]

Funny thing is, as a 12 year old watching the moon “landing”, I dreamed of moving to live in America. It took another 45 years for me to see the grift.

[@nomadcapitalist]

Thank you.

[@lexd7159]

i feel i don’t relate : i think i could not have better described it renounced a decade ago on a european passport, best decision in my life ❤

[@nomadcapitalist]

Happy to see you winning!

[@MissionSilo]

Wish I had your ideals when I was obsessed with politics

[@mnob1122]

As much as I would love to denounce my American citizenship, I need the Social Security I paid into to survive. Denouncing would cancel my Social Security benefits.

[@TimeIdle]

No it doesn't. Look it up.

[@mnob1122]

I have seen other posts regarding loss of SS benefits. I looked it up and found: “No longer have rights and responsibilities as a U.S. citizen. But you may still be: Subject to tax payments; Eligible for Social Security benefits”. MAY STILL BE ELIGIBLE. Not very convincing.

[@W1LDWESLEY]

16:00 simplicity.

[@Hobojet]

For libertarians one thing the US has is the best gun laws in the world!

[@yevgeniygrechka6431]

This is a good explanation, and at least in your personal case I agree that renouncing US citizenship was the correct thing to do. The only thing that I would somewhat push back on is that a US passport is very helpful for children who are growing up. The US still has excellent companies and universities, and being able to have that experience can be a large advantage for children/young adults. Then the kids can make their own decisions as well whether to renounce their US passports. So I would say to hold off on renunciation until you at least finished having children.

[@nomadcapitalist]

Students get US visas to attend university all the time.

[@yevgeniygrechka6431]

​@@nomadcapitalist Its not a question of what is possible; it is a question of what gives you the most options and the least number of obstacles. If it was only a question of what is possible then you would not have renounced to begin with (as you basically state in the video).

[@WhatChusuei]

Just here to say, "hey-la" =)

[@williamangeles9761]

There is way better out there.

[@nomadcapitalist]

We've shared some great examples in our Live Like a King episodes: kzbin.info/aero/PLlVUJeLNo-5JJa5WeACi971KaILjinYDw

[@macaccount4315]

The issue with high net worth people is that we cannot renounce given the tax impact (exit tax). I’d gladly renounce if I could.

[@LisaCulton]

You can't afford not to...

[@macaccount4315]

@ the challenge is that the exit tax is so onerous that it makes it impossible once you have accumulated assets in the USA. I have multiple passports but it’s just financially impossible when you have accumulated assets. It’s best suited for a young person who hasn’t accumulated wealth

[@nomadcapitalist]

Better years too early than a day too late.

[@LisaCulton]

​@@macaccount4315 Newsflash: they don't make a distinction between assets held in the USA or in foreign countries. Basically, you have Stockholm syndrome.

[@gvs5318]

Well, everyone has an opinion. Let's see what the incoming administration accomplishes, and then subsequent administrations. Let's hope the incoming administration returns the government that's supposed to be by the people, for the people, back to the people.

[@nomadcapitalist]

We don't trust any politician, but you're welcome to be hopeful.

[@butchfajardo8832]

Nothing wrong with not paying lots of taxes! Governments top priority is amassing the wealth of the ordinary citizens and not the elites! Governments don't like people copying them! 😂

[@kieunganguyen693]

I endorse paying taxes for citizenship! One can take advantages of any country’s policies to better oneself! As for me being a refugee to the US when our country was lost in a devastating war, this is my home country! I love America and appreciate the policies put in place as well as everyone who fight for our freedom!

[@mkoschara]

Do libertarians pave roads?

[@birdlover7776]

Good question

[@Angelartsss]

Andrew, what’s your opinion on the recent move from Jordan Peterson to the USA and his statement: “anyone who’s succesfull and has some sense move to the US, everything is easier”.

[@SECRETPURPOSE]

That's a great question

[@MyraO-e6i]

for a racist and a fascist like peterson - yes, it is easier in US

[@nomadcapitalist]

Good video idea.

[@jonnaughton]

Even if you do leave for taxes, you’re also giving up all the benefits a citizenship gives you. While you’re not paying taxes, you’re also not a drain on the system either. And if you do ever choose to visit, you’re doing nothing different than any other tourist.

[@LisaCulton]

What are the benefits?

[@xanderthegreat1487]

Your a legend 🥂 🍾

[@AleksLazar]

Word

[@disiostudio1559]

I can't disagree with you and find all of your posts enlightening. I think America is declining, though you can still have the best of everything if you're willing to pay for it. I am sorely disappointed in the almost unbelievable ignorance and lack of worldly knowledge of most Americans and the absurdity of American politics today. However, I also think there is a role for government in investments for the collective public good with our tax money if only people were smart enough to hold their elected representatives accountable. I think America's education system has failed us. But I'm not ready to leave my home in a large American city now at 75 years old where I'm comfortable, enjoy family and friends, have some of the best goods, services, and entertainment available anywhere, have excellent healthcare with a Medicare Supplement Plan and social security, and am financially secure given my investments. I would consider moving to Europe or Southeast Asia if I were younger. Instead, I spend part of the summers vacationing abroad enjoying the many amenities that other countries offer. Then I'm happy to come home where I have all the creature comforts and nearly everything I need is practically at my doorstep. Again, thanks for sharing your experience and wisdom.

[@nomadcapitalist]

Thank you again for sharing your personal thoughts, and we’re glad you find our videos helpful. If you’re interested learning more and exploring these ideas further, we’d be happy to welcome you to our next Nomad Capitalist Live event in Kuala Lumpur, Malaysia. It’s the perfect opportunity for a vacation too: nomadcapitalist.com/live

[@Michaelcj-m2d]

Viva España 🇪🇸🇪🇺👍

[@ahuitzolrosasmendoza3709]

Spain is not a first world country, it is ok because it is part of the European Country.

[@dorapadilla5731]

I really appreciate the work that you do here. I would just like to say that there are two Oslo's in the United States. One in Florida and one in Minnesota. I appreciate the fact that you continue to make videos and decided not to give up on that. I hope all goes well with you and may you prosper in everything that you do. ¡God bless!

[@MercuryWolff]

18:36 100,000%

[@jejudo3000]

It’s taxes and all the reporting. If he’s a UK citizen, I guarantee he won’t renounce

[@prettybrwneyez7757]

You’re clearly new to this channel 😂

[@tjacobsen5131]

You didn't need to leave the US in order to renounce your contracts with the government. Haven't you read Fruit from a poisonous tree by Mel Samper?

[@nomadcapitalist]

We don't indulge sovereign citizenship silliness here.

[@ayoubmechboukh8357]

I pray they never get him

[@toddlacasse7092]

You do not need to give up on being American. You just need to leave the federal zone. The 14 amendment made us all US Citizens which means tax slaves. The problem was they didn't tell us how or why. No disclosure happened. It is still that way. You can become a citizen of your state ONLY. And still carry a US Passport

[@nomadcapitalist]

We don't endorse sovereign citizen silliness here.